Retirement plan

UNITED PUBLIC WORKERS 401(K) PROFIT SHARING PLAN

Name: UNITED PUBLIC WORKERS AFSCME, LOCAL 646, AFL-CIO - UNITED PUBLIC WORKERS 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: UNITED PUBLIC WORKERS AFSCME, LOCAL 646, AFL-CIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED PUBLIC WORKERS 401(K) PROFIT SHARING PLAN, UNITED PUBLIC WORKERS AFSCME, LOCAL 646, AFL-CIO

UNITED PUBLIC WORKERS AFSCME, LOCAL 646, AFL-CIOEIN 99-0069019Plan #002PY 2021

1426 N. SCHOOL STREET - HONOLULU, HI 968171914808-847-2631

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.8M

-20.3% from 2020

Total participants

-30.2% from 2020

Average account balance

$94,356

+14.3% from 2020

Annual return

12.61%

+14.47 pp from 2020

Benchmarks

See 37,618 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,618 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.19M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

128.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$843K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$7253

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$65427 / participant

Other / not subdivided$2M100.0%

% of EOY assets

55.472%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,356

$109,872-14.1%

$98,483-4.2%

$167,536-43.7%

Participation rate

100.0%

75.8%+24.2pp

73.3%+26.7pp

82.1%+17.9pp

Annual return

12.61%

1959.31%-1946.7pp

1494.38%-1481.8pp

478.82%-466.2pp

Employer contribution / active EE

$8,343

$3,225+158.7%

$2,961+181.8%

$4,839+72.4%

Participant deferral / active EE

$6,651

$4,673+42.3%

$4,276+55.5%

$6,342+4.9%

Admin fee / account holder

$52,341

$6,757+674.6%

$5,953+779.3%

$12,315+325.0%

UNITED PUBLIC WORKERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED PUBLIC WORKERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion